Ark Invest, led by Cathie Wood, has made a significant investment in Bullish, showcasing new strategic approaches to the cryptocurrency market.
Details of Ark Invest's Purchase
On August 13, 2025, Ark Invest purchased 2,532,693 shares of Bullish for approximately $172.2 million, broken down as follows:
ARKK – 1,714,522 shares ARKW – 545,416 shares ARKF – 272,755 shares
This acquisition comes in the wake of Bullish's successful debut on the New York Stock Exchange (NYSE).
Bullish IPO Results
Bullish experienced a notable IPO performance, with shares initially priced at $37, opening at $90, peaking at $118, and closing at $68. The IPO raised about $1.1 billion, giving the company a market capitalization of $10.25 billion.
Risks of This Investment
While Ark Invest's purchase may indicate strong confidence, it carries inherent risks. Historical data shows the company's funds lost $7.1 billion over the past decade due to exposure to volatile innovation stocks. Investors caution that IPO stocks may experience sharp corrections, adding further uncertainty to the long-term outlook of investments in Bullish.
Ark Invest's investment in Bullish reflects the company's ambition to capitalize on opportunities in the cryptocurrency market. However, the success of this venture will hinge on market conditions and the regulatory landscape.
